Snap Inc. Promoted Derek Andersen to CFO

Andersen replaces Tim Stone, who left Snapchat’s parent company earlier this year.

In addition, Lara Sweet, who had been serving as interim CFO and chief accounting officer, is shifting over to the new role of chief people officer.

Andersen and Sweet report to CEO Evan Spiegel.

Sweet will oversee the company’s global talent acquisition and management strategies and processes, human resource functions and the “overall team experience,” also continuing as CAO until a replacement is named.

Spiegel said in a release detailing the two appointments, “Derek has played a critical role in building our finance function since joining Snap almost a year ago, as well as leading our cost-efficiency initiatives and strategic planning processes.